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should listen to this guy. >> we want to engage in entitlement reform. medicare, medicaid, these are chief drivers of the deficit. there's other spending we have to cut. >> hold on a second. i think that we all know what the chief drivers of our deficit are and have been. our projected deficit has driven by the wars and the bush tax cuts. entitlement programs don't even compete with these costs. plouffe went on to pin the problem largely on republicans who are not flexible, but he also said this. >> where the big bottleneck is republicans in congress around revenue and how much and where does it come from, democrats are going to have to step up and do some tough things. and the notion that somehow that these deficits and our debt are not a threat to our national security on our economic future is something i cannot disagree with more strongly. there are some commentators on the left that suggest that. that we shouldn't deal with that at all. >> voices on the left are not saying the deficit is not a problem for our future. progressives understand we need to deal with our de
for one from stouffer's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. o0 c1 hello. it's water from the drinking fountain at the mall. great tasting water can come from any faucet anywhere. the brita bottle with the filter insid
cutting medicare and medicaid benefits. president obama is seeking $1.6 trillion in additional revenue over ten years and $340 billion in health care savings. the time says the deal would not affect benefits. that's the keyword, benefits. the president and some democrats in the congress are willing to squeeze savings from medicare by trimming payments to drug companies, hospitals and other health care providers. they are ruling out structural changes that would increase costs for a typical beneficiary. this is what it's all about. the money. who is going to get it? senator dick durbin. a little more specific today. he said progressives, that would be you and me, should be willing to talk about ways to ensure the long-term viability of medicare and medicaid but those conversations should not be part of a plan to avert the fiscal cliff. democrats are prepared to discuss reforms to medicare and medicaid, but not right now. fox news tried to get budget committee chair member congressman chris van hollen to agree to the changes. van hollen stood firm. >> if you prolong the program, people a
"your business" sunday mornings at 7:30 on msnbc. [ male announcer ] if you're eligible for medicare... now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. o0 ci had[ designer ]eeling enough of just covering up my moderate to severe plaque psoriasis. i deci
? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. if you're thinking about your options, call today. when you call, request your free decision guide. and find the aarp medicare supplement plan that may be right for you. >>> welcome back. thousands of protestors are rallying for a sixth day in tahrir square and bigger protests for friday. they continue to demand na egypt's new president revoke the decree issued last thursday giving himself near absolute power. another protestor died today in a clash with police. he's the third person killed
reform from medicare. martha, i have to tell you. i got new numbers from medicare, from trustees, actually. medicare has to pay out in the future $42 trillion. that is money which it does not now have. so you can see that this is very serious issue. cuts in spending, cuts to medicare. who will make them? it is very serious because what that kind of money outstanding you need some kind of an agreement and fast. the bottom line right now, martha, it is again an impasse. martha: that's a huge number, stuart. it was about 38 trillion just less than a year ago i believe. >> yes. martha: so that number has really ballooned to 42 trillion as stuart shares with us in terms of those numbers. let's go back to the republican side for just a moment because i think there is a discrepancy in terms of the understanding what republicans seem to be agreeing to do. there is difference between raising tax rates which they have said they will not do. so i don't see any ground being ceded on the raising of tax rates for the wealthy but the changing of loopholes that would indeed, would that produce r
medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. >>> what do you do when they're screaming for entitlement
medicare and medicaid, we're talking about people's lives and health care. this is part of the reason why the president doesn't want social security to be part of it. why folk on the left are still angry that something like medicare or medicaid are sort of used as false equivalencies with tax increases. we have to think about people's real lives and health care really addresses those issues versus wealthy folk paying a little more. >> david, if that's the case, if professor peterson is right, why then did the president when he was in the process of negotiating a grand bargain with speaker boehner, agree to suggest or even imply that, for example, the age of qualification for certain of these entitlements would go up? >> the president has decided that the way to deal with this overall, i'm not saying this is right or wrong, is that we have divided government which means we're going to try to take care of the deficit and the tax cut and also the debt ceiling issue all at once. he tried to do that two summers ago and came close and he felt you had to give up something in terms of -- not soci
needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call toda
for us to talk abo about. we cannot stand by the sidelines in denial untouched, unamended, medicare is going to run out of money in 12 years. that is scary. >> but it's what durbin didn't say that was striking. in his prepared remarks durbin was going to say the following. quote, progressives should be willing to talk about ways to ensure the long-term viability of social security, medicare and medicaid, but those conversations should not be part of a plan to avert the fiscal cliff. durbin never said those remarks. he left that out. he later said he stood by those comments, and he did argue that medicare shouldn't be part of any up front down payment on the debt but part of the next year's long longer term negotiation. now while the short term talk to republicans may be tough, the longer term message to liberals is clear. entitlements in some form or fashion will need to be on the table. that means medicare. and a new "washington post"/abc poll shows just how politically tough making any changes to medicare will be. across party lines respondents said they are opposed to increasing
. this is the pursuit of perfection. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what medicare doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for
taxes. is it equally difficult to get democrats to agree to touch medicare? >> not when you have the president say he's going to do it. he said it during the grand bargain that didn't become too grand or a bargain, but he talked about entitlement reform and he's still talking about entitlement reform. he will do something in that area, as long as he can hammer those guys over $250,000. and make them pay more taxes. how $250,000 got to the point where that's the, quote, middle class is beyond my comprehens n comprehension. 100 would have been more appropriate for more real live people. he's going to get that. hopefully he can do it without doing rate increases, which are going to cost. anybody who is, quote, rich shouldn't mind paying more taxes. i don't understand that at all. and i don't understand that somebody, if you let them earn more money is going to use it to hire people. they may likely buy another kind of rig or a toy or something like that. i don't know. but all i know is one thing, you can't cut -- you can't cut spending away out of this hole, you can't tax your way
you can switch your medicare part d plan. we're ready, and we can't wait to switch. [ male announcer ] make the switch to an aarp medicarerx plan, insured through unitedhealthcare. open enrollment starts october 15th and ends december 7th. call now for a free information kit. discover why these part d plans are so popular. what i wanted was simple: the most value for my dollar. so, now that it's time, we're making the move to a plan that really works for us. plus, we'll be covered at like 60,000 pharmacies. [ male announcer ] call now and get predictable copays and plans with no deductible. you can start saving with your first prescription. aarp medicarerx plans include nearly all the drugs covered by medicare part d, so why wait. call now. [ man ] december 7th is coming. i'm glad we're switching. [ male announcer ] call now, ask about the lowest part d premium in the u.s. aarp medicarerx plans insured through unitedhealthcare. call today. ♪ i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male
there will be big cuts to the pentagon but not likewise cuts to medicare and other big entitlement programs and they believe that is another part. on the tax issue the republicans are playing defense. if they don't act the white house is ready to blame this on them in terms of going off the cliff. after coming out of the election where the republicans nuclear a hit the white house hopes they will not want to take another big blow after the election so quickly. >>shepard: powerball sales are skyrocketing, upping the jackpot and the odds someone will win the big surprise tonight. it is at $550 million. that is a record for powerball. the odds are slim of swinging, 1 in 75 million but zero chance if you don't buy. people are dreaming. >> i felt my whole life i was supposed to be rip. >> pay the bills and house off. not have to work. ever again. >> i have 17 charities first. they come first. >> i want to buy a house. >> how will you spend it? >> take a day off. >> officials say this is a 75 percent chance now that someone or multiple somebodies will win tonight. rick is on long island, new york
. and two entitlement reform that means getting rid of social security and medicare and making at it voucher program, which mitt romney and paul ryan supported and the american people rejected. so don't fall for this republican line of baloney that they have suddenly seen -- gotten religion when it comes to new revenue. the only solution is an balanced report which includes spending cuts and new revenue and not just closing loopholes. it's not just closing loopholes. it has got to include raising taxes on the wealthiest 1%. let's talk about it 866-55-press. 866-557-7377. i hope i'm not alone among the media who will say these republicans are just trying to con the americans one more time and stick to the old mitt romney plan which the american people rejected on november 6th. don't fall for it. 866-55-press. let's talk about it. >> announcer: this is the "bill press show." ♪ [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay
it for the country, but only if democrats are willing to make reforms on entitledment programs, medicare and medicaid and social security. that is big if. good morning, hope your turkey was great. martha: good morning, everybody, i'm martha maccallum. you've got this. congressman peter king and now senator bob corker say they will ignore the decades old pledge that was signed by 241 house members and senators. he says he believes it is a huge game-changer. >> when you're $16 trillion in debt the only pledge we should make to each other is to avoid becoming greece. republicans should put revenue on the table. we're this far in debt. we don't generate enough revenue. capping deductions will help generate revenue. raising tack rates will hurt job creation. bill: this is the heart of the matter. stuart varney, host of "varney & company". morning to you, sir? >> this is a real shift. one of the two sides had some movement in their position on the tax side of the debate. that side is the republican side. as you heard there from senator lindsey graham, other, and other republican, they are now prepared to a
is not raising taxes. what will make us greece is not fixing medicare, medicaid and social security. jon: white house press secretary jay carney says president obama will not give on extending current tax rates on wealthy americans. on entitlements carney says the president is open to changes except when it comes to social security. >> the president has long made clear that he is open to discussions about strengthening social security as part of a separate track. jon: so is the u.s. economy heading for a plunge over the fiscal cliff? with us now, associate editor and columnist for "the hill", a.b. stoddard. so what are the folks that you cover there on capitol hill, what are they saying about the prospects here? >> well, in the last 10 days it starts to sound more and more like democrats don't really have a problem with going over the slope or the cliff. they won't really admit that but it seems that they're not working so hard to stop it. you see the white house trying to tell americans that there is going to be such a steep tax increase on the middle class that it could affect consumer spendi
the fiscal cliff contain no medicare, medicaid, and social security benefit cuts. it puts them at odds with the president who has said everything should be on the table, including entitlements, senate republican leader mitch mcconnell. >> we want to save these programs and i understand the dilemma the president and the majority leader have. their hard left doesn't want to change anything ever. >> reporter: but the top senate democrat harry reid says republicans are the ones dragging their heels. there's been little progress with the republicans, which is a disappointment to me. they've talked some happy talk about doing revenues, but we only have a couple weeks to get something done. >> reporter: republicans point out that medicare and medicaid are the largest future drivers of the debt. they say they won't agree to increased revenue from taxes unless they get entitlement cuts as well. scott, it's safe to say there are going to be people on the right and left howling mad at no matter what this deal looks like. >> pelley: nancy, thank you very much. one idea they're looking at is scalin
medicare and... social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. >>> cue the drum roll please, a top republican is trying to put distance between the gop and tax master grover norquist. at a closed-door meeting yesterday congressman tom cole urged his colleagues to get in line behind president obama and vote to extend only the bush tax cuts for middle income earners. such a move could lead to the expiration for the bush tax cuts for the top 2%. before the norquist spirit chasers could reach him, cole clarified today republicans could live to fight for lower rates another day. >> in my view, we all agree that we're not going to raise taxes on people that make less than $250,000. we should just
star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ >>> welcome back, everybody. this is where the president will be speaking moments from now from the white house surrounded by middle-class americans, an attempt by the president to continue building support for his plan to avert the fiscal cliff. >>> developing now, new clashes in cairo, egypt today, between protesters and police. the protesters have been demanding that egypt's new president rescind the decree he had last thursday granting him absolute power. tens of thousands of protesters rallied in caikacairo's tahrir square. two of e jim's top courts today suspended their work in protest of president mohamed morsi's decr decree. joining me to talk more about the middle east is ambassado
a speech yesterday about the entitlement aspect. medicare, medicaid. the entitlement aspect and basically said we don't want entitlements to be part of the immediate talks january 1st but think as democrats they should be part of longer terms talks for next year. i'm just wondering, is there a sense from the white house among democrats of what it is they're prepared to give in on on terms of entitlement? >> not enough to satisfy the republicans, this's for sure. they say up here they have seen nothing. unfortunately, the few people who are beginning to even talk about the need for eventual compromise like a tom cole, like a dick durbin are quickly getting smacked down here, particularly on the republican side. that congressman just got a spanking from john boehner in front of his caucus today so there's -- doesn't seem to be any movement in that direction. i was at a breakfast with bowles and simpson this morning and erskine bowles saying he think there is's a 1 in 3 chance of this working out before the fiscal cliff is reached on december 31st. he said he's not hearing enough in terms of
announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i al
, let's be honest. they mean getting rid of medicare, getting rid of medicaid. >> structural reforms. >> bill: and privatizing social security. >> it was good to hear yesterday jay carney the white house press secretary, i don't know if you were there. taking social security off the table. it's not a problem. it hasn't contributed to the deficit. that's off the table. they're open to medicare. they've been open to changing provider payments which there is a lot of waste there. encouraging pharmacy companies to give medicare and medicaid better rates. those are all positive reforms. those are big savings. so we can take and find savings from the provider side. it is when you go after the beneficiaries that you run into problems but look, you know, romney ran an entire campaign hitting democrats for cutting $716 billion out of medicare. now they turn -- republicans backed that view we shouldn't touch medicare at all. now they turn around and say you have to cut medicare. it is as if the 716 debate we had for mo
security and medicare, make some defense cuts if you have to but we'd rather just see the rich get taxed and the near rich get taxed if we have to do that. >> the numbers do not add up, the left is being fundamentally dishonest. they are saying you don't have to cut social security or medicare or medicaid to get the deficit down, all you've got to do is tax the rich some more. they are recklessly suggesting that we go deeper and deeper and deeper into debt heading towards bankruptcy. the numbers, megyn are stunning. we have an unfunded liability for medicare of $42 trillion. an unfunded liability for social security of $20 trillion. and a further 20 trillion for unfunded pensions for federal employees, that adds up to $86 trillion which are committed to pay in the future and the money we do not have. therefore, you cannot just tax the rich to get rid of the deficit. you simply can't do that. the numbers don't add up. megyn: chris, what do you make of this, the president is now going to go out on what looks like sort of like a campaign stop on friday to pennsylvania. he already had this m
democrats are facing pressure from interest groups who oppose changes to medicare and social security like this one from the aarp. >> some politicians think medicare and social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future of these programs into a last-minute budget teal, we'll all pay the price. >> and there's your potential pressure from the left. gop negotiators have put adjusting the measure of inflation which determines social security benefits back on the table, something the president had agreed to in 2011. majority leader harry reid has ruled that out this time and the number two democrat durbin repeated reid's position on sunday. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation and we can do things, and i believe we should, now, smaller things, played out over the longer term that gives it solvency. medicare is another story. >> there's still staff level discussions going on. and, by the way, as much as washington gets cau
average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ >>> conservatives definitely got one thing right about the 9/11 benghazi attacks. the lies and half truths that some politicians and pundits were peddling about what really happened would eventually blow up in their faces. the one thing they got wrong, it would be on their faces and on their network and via a pulitzer prize winning journalist who knows a thing or two about the middle east. >> emphasis on benghazi has been extremely political probably because fox was operating as a wing of the republican party. >> tom ricks, thanks very much for joining us today. >> you're welcome. >> joining us now is lynn sweet, d.c. bureau chief for "the chicago sun-times" and john than capehart, an msnbc
is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. >>> breaking news from egypt. thousands of protesters gathered in tahrir square. 6:15 at night there, many have been chanting step down in reaction to the decree issue by egypt's new president that grants him absolute power. the sixth straight day of protest after morsi issued his decree last thursday. earlier today, the protest turning violent on a street near tahrir square. at least three protesters have been killed since the weekend. nbc live from cairo. and the crowd in tahrir square has been growing, building over the past hours. explain what we're seeing now. >> reporter: well, behind me, probably tens of thousands of egyptians have gathered, been here since the early hours of the morning. in fact, some have been camped out for the past six days. many songs, chants, slogans reminiscent of two years ago, calling on the same things they did two years ago, which is for the president of e
in medicare that might set off gaps in coverage, senior citizens not getting health care coverage. there you go. they're saying to put everything on the table but when you get in the details that's why they haven't come to a deal because the devil will be in the details, jenna. jenna: maybe they start with a salute and end with a handshake. ed, great to see you report great to see you. jenna: thank you very much. jon: several republican lawmakers are toning down their criticism of u.n. ambassador susan rice and her handling of the deadly attack on the consulate in libya. ambassador rice was under fire for appearances on the television immediately after the attack where she blamed it on the youtube video. many vocal critics, like senator john mccain are turning up the heat on president obama and the state department. >> the problem is the president of the united states in a debate with mitt romney said that he had said it was a terrorist attack. he hadn't. jon: chief intelligence correspondent catherine herridge is live in washington. she has more on all of this. so this shift in focus to the
medicare and medicaid and education from cuts. because for working families, it's all about putting americans back to work. not cutting the things we rely on most. >> this is just one part of the campaign to strengthen and support the middle class in this country. on a conference call last week, president obama made a direct personal appeal to 30,000 of his top campaign activists. he says it's not time to let up. the president told supporters he will barnstorm across the country to keep people engaged in negotiations over the talks. the president's allies also plan on harnessing the power of the obama campaign including the dashboard, a social network built by the obama team. the campaign manager says dash board helped win the election. it will now be used to promote the president's agenda. >> you could see people using dashboard to say, okay, i want to talk about the choices in front of us in the fiscal cliff. we did over 350,000 events on dashboard. it would be easy for supporters to start asking people to call members of congress. >> the biggest assets is republican stubbornness.
of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. >>neil: and guess what is topic one at the u.n. climate control? hurricane sandy, a storm they are still cleaning up and environmentalists hope they will be clean will up there, where some countries using the storm that dislocated thousands to now redistribute wealth to the tune of billions. all in the name of climate change. our reporter says that will cost a lot more that chump change. what is going on here? >>guest: well, this is like pavlov dogs, the activists think we need more taxes and regulations to stop bad weather. this is a primitive form of science. to use hurricane sandy as a poster child for global warming as the united nations and al gore is now doing, that makes as little sense as you can possibly imagine. we are at 30 or 40
? his proposed, i don't know. the medicare, medicaid, reform to get the tax cuts. >> bob: there will be form of entitlement of increasing the age of retirement age for social security, or taxing people. there are things in the works here. they won't let it happen at one time. you are doing this to protect people making moment. >> eric: a number came out, if you go ahead and let the bush tax cuts expire you raise eight or nine days of government. >> dana: the failure of the super committee is the reason we're here. they were supposed to get to a deal. they couldn't get to one. president obama and congress kicked it to this year. now we lead up to this moment. last february, john boehner speaker of the house sent a leletter saying this fiscal cliff is bad for the economy. let's work together now. president obama says no than thanks. this killed me. nothing changed since december of 2010. president obama talked about losing in the midterms and said the worst thing we can do is high inemployment and slow economic growth is raise taxes on anybody so support me in extension of
, including a cap on itemized deductions coupled with curbs on social security and medicare benefits. corker joined several republican senators and house members who have suggested they might abandon a longstanding pledge not to raise taxes. but the author of that pledge, conservative lobbyist grover nor quist, played down any hint he's losing influence. he called it, quote, a complete media-created frenzy. on the left, democratic senator dick durbin of illinois urged liberal groups to give way on their opposition to changes in medicare and medicaid. >> we cannot standby on the side lines in denial that this is ever going to engage us in the things that we value. we can't be so naive to believe that just taxing the rich is going to solve our problems. wlook to reform and change that is significant, that preserves many of the values and programs that brought us to political life. >> brown: for his part senate page ontario leader harry reid declared himself extremely hopeful even as the end of the year and the end of the current congress rapidly approach. as this debate has unfolded we've been
from medicare, if they don't get what they want let the country go over the cliff, let the car jump off the cliff. then they will be in a stronger position to negotiate for the tax increases that they want on the other side. this can't be good news for the president who desperately needs to have a deal done so that he does not see the country plunged into fresh recession just as he is sworn into office. megyn: but now there are some who are predicting okay, yes even though this would be calamitous, it wouldn't be that calamitous if we got into january, it happened but only happened for a few weeks. then they struck a deal. the thinking of these democrats, reportedly, chris, the republicans are going to be much more likely to strike a deal if the tax hikes have automatically taken place on january 1, than then can swoop in as saviors who lower tax rates on everybody after they secretly just hiked them? we won't understand what just happened. >> well, there is some of that that the, what the republicans would be able to do thin would be, instead of having to ever vote for a tax increase o
is sign a grand bargain where they will cut social security, cut medicare, cut programs for the poor. >> but will they actually cut taxes on the rich? not raise them, cut them. they wouldn't do that, will they? you are about to find out. >> republican goes after susan rice. >> absolutely it was wrong. >> here's what i can tell you. the american people got bad information on 15 september. >> some surprising opinions on that. stay right here for that, as well. then a movie about how we got bin laden but did they get classified information? that's a new controversy. >> you think you know the story but hold on to your seat. >> it's a huge controversy. an investigation was begun about you receiving classified material. >> who's guilty, who's innocent? we decide here on the "young turks." also, the man who created pulp fiction, kill bill, inglorious bass starteds on the set today. and republican on republican crime, elbow of the day. go time. [ ♪ theme ♪ ] >> cenk: david pluck is one of the to which advisers for president obama. he's talking about what they're going to do in regards to
cuts as i think you're getting at, you know, cuts to programs like medicare. is that something we could see taking shape here? >> you're talking about getting rid of redundancies. great example, 342 economic development programs that are in the federal government system. let's start cleaning up these redundancies. let's do some of these across the board cuts in discretionary spending. let's make certain that medicare and social security, which are trust funds, not entitlements, they're trust funds, that they meet their obligation to our seniors and near seniors. let's look at how they become long-term sustainable, because right now the liabilities that we have on the books for the federal government, this is something we have got to deal with. and, brooke, you know what, the president is doing is saying, look, let's address a tenth of the problem. let's talk about raising taxes, tax rights, so we can pay for eight or nine days more of federal government spending every year. what i'm saying is let's -- let's address the whole enchilada. >> i understand and i think -- >> we have to do som
in the summer and say, don't bring in your healthcare reform stuff, don't bring in your medicare, don't bring in social security, focus exclusively on the question of whether or not you will raise taxes in order to offset these automatic cuts. the white house is trying to portray this as a one-for-one deal that they are going to renegotiate what they already negotiated in august. they say if republicans want less spending cuts on the defense side they better be willing to give up on the tax side and have tax increases. i think they are perfectly willing as it stands now to take it off the cliff and let the taxes go into effect, because if the republicans won't give them what they want on a tax rate increase for top earners they think they will get them later once people are outraged that their taxes went up. megyn: but, to not offer any spending cuts, what would be the republican incentive to agree to raising taxes on the wealthy if they don't get anything in return? >> well, the incentive would be from the president's point of view, is that everybody's taxes will go up anyway and once you ge
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thing when it comes to entitlement spending. they want cuts, serious cuts in medicare, medicaid. will the liberal base of the democratic party go along with the president if he puts that into the deal? >> probably not. and part of the reason is because the democrats are in such a much more commanding position. you're talking about medicare, medicaid, social security. these are programs that are popular and working. if you look at social security, cbl says this program is solvent until 2038. you have a hard time convincing ordinary people there's some big emergency there. the tax cuts for the wealthy are budget busters. you have a hard time getting ordinary people to understand why we should take a chainsaw to middle class programs that are working, that are popular. to get republicans to do something that right now they're going to have to do anyway once january 1 comes. >> what will the democrats do to bring in the republicans to convince the republicans they're really going to cut spending? >> i think the spending cuts are on the table now with regard to defense. which i think
achievements of the past century, social security and medicare, on the chopping block in exchange for that. that shouldn't be in exchange for that, because if we simply do nothing, the republicans lose everything they want. >> such a great point. dan, speaking of republicans not recognizing the new reality, grover norquist has been furiously trying to spin the fact that there are several senators and members of congress who are moving away from his sacred pledge. let's take a listen to a little bit of grover. >> the pledge is not for life, but everybody who signed the pledge, including peter king who tried to weasel out of it, shame on him as the new york sun said today, i hope his wife understands that commitments last a little longer than two years or something. no pledge taker has voted for a tax increase. they've had some people discussing impure thoughts on national television. the same thing with other people who are elected because they made that written commitment to the people of their state. >> that sounds like a threat. >> why does he keep making this romantic sexual thing? >> d
, republicans want changes to medicare and medicaid, cuts they say will keep both of them solvent for future generations. in exchange, one possible deal would eliminate deductions for the wealthy, maybe even the very popular mortgage deduction. and while republicans have been more open to revenue, that does not mean tax rate increases. many democrats insist that tax rates for the wealthiest americans absolutely have to go up. but they don't necessarily agree on how much they should rise. let me bring in usa today's washington bureau chief, susan page, and ryan grim. good morning to both of you. >> hey, good morning. >> good morning. >> we've laid out some of the basics there and warren buffett was out this morning talking about taxing the wealthy. he says there should be a minimum tax on millionaires. take a listen. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes, and then they've watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> you kno
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